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Boeing Predicts Latin America Will Need 2,610 New Aircraft By 2040

By: Daniel Martinez Garbuno

Revealed in a forecast presented today, Boeing expects Latin American carriers to need 2,610 new aircraft by 2040. The market value of these new deliveries is US$365 billion, according to the US manufacturer.

Boeing expects a new airplane market of US$365 billion in Latin America. Photo: Getty Images.

Latin America’s best-seller: the single-aisle

The Latin American region has a lot of potential growth for the coming two decades. Many cities in this region were underserved even before the COVID-19 pandemic.

Boeing projects that the airline traffic growth for Latin America and the Caribbean will be 5.1% per year for the next five years. In the meantime, the airline fleet growth in the region will be, on average, 3.5% per year. Why is there a difference between both? Christine Bryan, regional marketing director for Boeing, said,

“Airlines continue to improve the utilization of their existing fleet, and they are also tending to manage to higher load factors.”

For the next two decades, Boeing predicts the single-aisle market to be the best-seller in Latin America.